We Buy Houses for Cash in Delaware

Delaware has one of the highest realty transfer tax rates in the region, which makes the cost of a traditional sale hard to ignore. Swifty Home Buyers buys Delaware houses for cash, as-is, with no agent commissions and no repair requests. Here is what to know about selling in Delaware before you compare your options.

We buy houses in all 50 states. This guide covers the rules that matter in Delaware.

Delaware's realty transfer tax is 3% at the state level. Where a county or municipality also imposes its tax, the state rate drops to 2.5% and local government adds up to 1.5%, for a combined maximum of 4%. The statute says the tax is apportioned equally between buyer and seller, but unless the contract says otherwise the burden of paying falls on the seller, so it is worth negotiating. On a $250,000 sale, 4% is $10,000. First-time homebuyers get a small reduction on the buyer's portion. Add agent commissions and repairs and a traditional sale is expensive. We show you a cash-sale offer with every cost in writing so you can compare your net proceeds.

In Delaware a foreclosed property is sold at a sheriff's sale after a court process. Sheriff's sales are held county by county. For example, Sussex County holds them monthly on the third Tuesday, requires a 20% deposit from the winning bidder on mortgage foreclosure sales, and sells properties as-is and sight unseen. If you are behind, selling before the sale can pay off the loan and may let you keep your equity. Talk to a Delaware attorney or a housing counselor about your deadlines.

• Sell as-is
• Inherited house
• Foreclosure
• Tenants or rental property